XML 14 R5.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 936.8 $ 1,026.7
Receivables - trade and other 207.4 251.2
Prepaid expenses and other current assets 24.3 22.4
Total current assets 1,168.5 1,300.3
PROPERTY AND EQUIPMENT:    
Drilling equipment 8,560.4 8,510.7
Other property and equipment 142.0 141.7
Property and equipment - gross 8,702.4 8,652.4
Less accumulated depreciation and amortization 2,540.9 2,451.4
Property and equipment - net 6,161.5 6,201.0
Long-term note receivable from unconsolidated subsidiary 454.5 456.0
Investment in unconsolidated subsidiary 47.0 41.2
Other assets 128.6 119.2
TOTAL ASSETS 7,960.1 8,117.7
CURRENT LIABILITIES:    
Current portion of long-term debt 201.3 201.2
Accounts payable - trade 96.7 122.3
Deferred revenues 11.3 16.7
Accrued liabilities 115.7 113.4
Total current liabilities 425.0 453.6
Long-term debt 2,309.7 2,309.7
Other liabilities 306.8 307.7
Deferred income taxes - net 12.0 11.7
Commitments and contingent liabilities
SHAREHOLDERS' EQUITY:    
Class A Ordinary Shares, $0.125 par value; 128.2 and 128.2 shares issued, respectively; 127.7 and 127.1 shares outstanding, respectively 16.0 16.0
Additional paid-in capital 1,500.4 1,501.5
Retained earnings 3,680.0 3,810.5
Cost of 0.5 and 1.1 treasury shares, respectively (4.2) (7.9)
Accumulated other comprehensive loss (285.6) (285.1)
Total shareholders' equity 4,906.6 5,035.0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 7,960.1 $ 8,117.7